Explore our past | History & Heritage Explore 1910-1919 1920 to 1929 In 1924 Imperial Airways was created as the government’s “chosen instrument of air travel” by the amalgamation of The Instone Air Line Ltd., Handley Page Air Transport Ltd., The Daimler Airway and British Marine Air Navigation Co. Ltd. Imperial began services from London (Croydon) to European destinations as well as pioneering routes to Africa, the Middle East and India. Explore 1920 to 1929 1930 to 1939 The introduction of luxurious aircraft including the HP42 offered customers new levels of luxury aloft. Imperial Airways opened services from Southampton to Empire destinations using the Short S23 flying boat; the Empire Air Mail Scheme was inaugurated. In 1935 four private airlines were merged to form the independent British Airways Limited; in 1939 the government announced its decision to merge the two airlines.

Explore 1930 to 1939 1940 to 1949 British Overseas Airways Corporation (BOAC), the new state airline, was formed in April 1940 and operated wartime services under the control of the Air Ministry. In 1946, London Airport was opened officially. British European Airways (BEA) and British South American Airways (BSAA) were created to operate commercial services to Europe and South America respectively. Explore 1940 to 1949 1950 to 1959 The delivery in 1952 of the De Havilland Comet enabled BOAC to operate the world’s first pure jet services and in October 1958, with the Comet 4, to operate the first transatlantic pure jet service. BEA successfully introduced the world-beating Vickers Viscount propeller-turbined aircraft into service on its UK domestic and European routes. The central area of London Airport opened in April 1955.

Explore 1950 to 1959 1960 to 1969 Deliveries of Boeing 707s and Vickers VC-10s to BOAC, and De Havilland Tridents to BEA, provided new commercial opportunities for both airlines. In 1965, at Heathrow, a BEA Trident made the world’s first fully automatic landing carrying commercial passengers. Explore 1960 to 1969 1970 to 1979 The arrival in 1971 of the Boeing 747, the first wide-bodied jet, and the advent in 1976 of supersonic flight with Concorde presented contrasting new commercial opportunities and challenges. In 1974 British Airways was created by the merger of BOAC and BEA. Explore 1970 to 1979 1980 to 1989 A new corporate identity, designed by Landor Associates, was unveiled in December 1984 and in 1986 the airline’s longhaul services moved into the newly-built Terminal 4 at Heathrow.

The privatisation of British Airways was completed in 1987 under the leadership of Chairman Lord King. In 1988 BA was merged with Gatwick-based British Caledonian Airways. Explore 1980 to 1989 1990 to 1999 The airline unveiled in June 1997 its new corporate identity incorporating on its aircraft designs from around the world. A new fleet of Airbus aircraft was ordered for short haul services. The formation was announced in 1999 of a new global alliance – oneworld – which also included Qantas and American. Explore 1990 to 1999 2000 to 2009 With much acclaim Concorde retired from service in 2003. Heathrow’s Terminal 5 was opened by the Queen in March 2008 and orders for new Airbus A380s and Boeing 787 Dreamliners were announced. Lord Marshall of Knightsbridge retired as Chairman of British Airways and was succeeded by Martin Broughton. The airline inaugurated the first longhaul route from London City Airport – to New York.

Explore 2000 to 2009 2010 to Present Day Subsidiary Open Skies commences services between Paris Orly and Washington Dulles. Newly-created International Airlines Group (IAG) is formed and takes over British Airways and Iberia. Willie Walsh becomes Chief Executive of IAG and Keith Williams takes over as Chief Executive of British Airways. Joint Business Venture with American Airlines is approved. BA takes delivery of B777-300ER aircraft and retires the last B757s. Terminal 5C opens for business, and London City Airport celebrates 25 years. BA and Iberia cargo are integrated into IAG Cargo Limited. Sir Ross Stainton and Lord Marshall pass away. IAG buys bmi. BA carry the Olympic flame on board an Airbus A319 specially named Firefly and sponsor the Olympics and Paralympics. S7, Malaysia Airlines, Qatar Airways and Open Skies join oneworld. BA and Qantas terminate their longstanding commercial agreement. BA and Japan Airlines form new joint business venture.

Explore 2010 to present day History of the Air Transport Auxiliary (ATA) The ATA was founded by British Airways Limited in May 1938 and organised by them into an operational unit at the outbreak of the Second World War in September 1939. It was thus a civilian organisation which made an enormous contribution to victory by taking over from service pilots the task of ferrying RAF and RN warplanes from factories to maintenance units and front-line squadrons and back again from the squadrons if damaged or due for overhaul. What would British Airways parent International Airlines Group gain from buying Aer Lingus? | London Air Travel What would British Airways parent International Airlines Group gain from buying Aer Lingus? Posted on December 18, 2014 by twbap When International Airlines Group (“IAG”) was formed a little under four years ago from the merger of British Airways and Iberia, it stated an ambition to acquire up to 12 additional airlines. So far it has acquired two. These are bmi and Vueling. bmi has been integrated into British Airways (bmibaby was closed and bmi regional was sold). Vueling continues to operate on a standalone basis.

Today we learned of an approach by IAG to Aer Lingus. IAG confirmed in a statement to the Stock Exchange that it submitted a proposal to make an offer for Aer Lingus, which has been rejected by the Board of Aer Lingus. Aer Lingus also acknowledged the approach , stating that the initial approach was preliminary, highly conditional and non-binding. Furthermore, in their view it under-valued the company. What would IAG gain from buying Aer Lingus and why is it bidding now? Aer Lingus is the fourth largest airline at London Heathrow with 3.1% of the airport’s departure and arrival slots. Acquiring Aer Lingus would give IAG member airlines nearly 56% of departure and arrival slots. From London Heathrow, Aer Lingus flies to Belfast and Dublin (as does British Airways) and Shannon and Cork. Furthermore, Aer Lingus has been steadily growing a transatlantic hub at Dublin airport (albeit from a very small base) serving destinations such as Boston, New York and Chicago. The Dublin hub has the significant benefit of US immigration pre-clearance. Aer Lingus has also been upgrading its in flight product to include fully flat beds in business class and in-flight WiFi.

It is now a very credible competitor on transatlantic routes with a hub that has significant advantages for transfer passengers over London Heathrow. A recent investor update gives a useful overview of Aer Lingus’ business model. Assuming IAG makes a further bid, here are some initial predictions as to what may happen and the impact on London Heathrow. We should emphasise that this is all purely speculative! 1. IAG will be required (in theory) to forfeit slots on overlapping routes An acquisition by IAG of Aer Lingus would result on a diminution of competition on overlapping routes to Belfast and Dublin. There is clear precedent that for any acquisition to receive clearance from the competition authorities IAG would have to agree to forfeit London Heathrow slots to a willing entrant. However, based on the performance of Little Red on slots forfeited by IAG as a condition of its purchase of bmi, the chances of this happening are low. 2. Consolidation of overlapping Aer Lingus routes Inevitably, there will be a consolidation of the Aer Lingus and British Airways schedules on overlapping routes to Belfast and Dublin.

There is precedent from the merger between BA and Iberia for a route to be shared between the airlines with scheduling timed to maximise efficiency by eliminating “night stops” where aircraft and crews stay away from their home base overnight (thus reducing aircraft utilisation). This is the case for London Heathrow – Madrid. Alternatively, one route could be taken over by one airline. This is the case for London Heathrow – Barcelona. 3. Reallocation of Aer Lingus’ London Heathrow slots between IAG member airlines There may also be an allocation of some of Aer Lingus’ London Heathrow slots to other IAG member airlines, principally British Airways. However, we do not foresee a wholesale slot-stripping exercise. There will be considerable political pressure from the Irish Government (a major shareholder in Aer Lingus) to maintain links between London and Ireland. Furthermore, the most valuable slots to British Airways are early morning arrival slots between 5 and 8am which are well suited for long-haul routes. Aer Lingus does not have any such slots. Considerable efficiencies can be gained simply by reallocating slots to optimise existing schedules. 4.

Aer Lingus is likely to join the Oneworld alliance and the transatlantic joint-venture with British Airways, American Airlines and US Airways Aer Lingus left the Oneworld alliance in 2007 and has since pursued an “alliance neutral” strategy of co-operation with a range of partners such as Etihad (which holds a small shareholding in the airline), United Airlines and KLM. It seems inevitable that Aer Lingus will join the Oneworld alliance and the transatlantic joint-venture with British Airways, American Airlines and US Airways and others. Update: IAG has confirmed Aer Lingus would rejoin Oneworld and join the transatlantic joint-venture. This would give Aer Lingus a significant boost from the marketing and distribution network of its joint-venture partners and access to their corporate accounts. Aer Lingus may end codeshare agreements with non Oneworld alliance member airlines. This could be detrimental to airlines such as United Airlines and Air Canada that codeshare with Aer Lingus and receive connecting passengers from Aer Lingus. This is particularly because these airlines have also lost transfer passengers from bmi. 5. Aer Lingus will gain efficiencies from IAG and co-operation with its member airlines.

There will be scope to generate significant efficiencies from merging back office functions with IAG and common procurement with IAG member airlines. IAG has recently announced a programme to standardise deliveries of new Airbus short-haul aircraft to the route which allows short-haul aircraft to be switched between member airlines in a week or less. Aer Lingus would no doubt gain from such a programme. Whilst Aer Lingus has a long track record of co-operation with British Airways, it has much less so with Iberia and Vueling. There will no doubt be scope to increase co-ordination on routes from Dublin and from Iberia and Vueling’s hubs in Madrid and Barcelona respectively. 6. Aer Lingus new alliance partners may increase long-haul services to Dublin. At the moment, BA’s transatlantic joint-venture and Oneworld alliance partner, American Airlines, flies to Dublin from Philadelphia and New York JFK (year round) and Chicago and Charlotte (summer seasonal). It’s reasonable to expect that American Airlines may increase services to Dublin, particularly from its hubs in Dallas Fort Worth and Miami. 7.

British Airways (through IAG) will regain a presence in a number of UK cities Over the past 15 years, BA has been steadily reduced its presence in a number of UK cities. It has withdrawn entirely from cities such as Bristol, Birmingham, Newquay and Southampton. Furthermore, the only city BA serves from non-London cities is London itself. Only in the past few years has the airline has added Leeds Bradford and Belfast to its network following the purchase of bmi. IAG, will through Aer Lingus, regain a presence in cities such as Birmingham, Bristol and Newquay where there is currently no IAG presence. Share this: Qatar Airways buys 10% of British Airways owner IAG | Business | The Guardian Qatar Airways buys 10% of British Airways owner IAG Move will cement what is already a close commercial relationship between British Airways and the airline The new Airbus A350 of Qatar Airways coming from Doha, Qatar.

Photograph: Michael Probst/AP Friday 30 January 2015 12.24 EST First published on Friday 30 January 2015 03.45 EST Close This article is 1 year old Qatar Airways has bought a 10% stake in the parent company of British Airways in the latest UK investment by the Gulf state . The move will cement a close commercial relationship between BA and the airline, whose owner, the Qatari government, is a significant investor in Britain. The state’s investment fund owns Harrods, the Shard skyscraper in central London and stakes in Sainsbury’s, Barclays bank and Heathrow. The airline’s chief executive officer, Akbar Al Baker, already sits on the board of Heathrow where Qatar owns a 20% stake . Willie Walsh, chief executive of International Airlines Group , the BA owner, said: “We’re delighted to have Qatar Airways, one of the world’s premier airlines, as a long-term supportive shareholder.

We will talk to them about what opportunities exist to work more closely together and further IAG’s ambitions as the leading global airline group.” However, BA’s biggest trade union said Qatar Airways’ employment practices, which forbid female staff to marry and allow the termination of contracts for pregnancy, were a cause for alarm. “Qatar Airways’ treatment of its workforce is cause for serious concern, and is currently subject to a formal complaint to the UN’s international labour organisation. Given the union-initiated progressive work that has taken place at BA to eliminate a number of discriminatory practices, this is an opportunity for IAG to impress upon Qatar the benefits of such an approach.” The International Transport Workers’ Federation has documented a range of other breaches of rights at the airline, including curfews, surveillance and summary dismissals leading to expulsion from the Gulf. Executives at Barcelona football club, which is sponsored by Qatar Airways, this week said they would be reviewing the deal owing to social conditions in Qatar. Qatar Airways has described the ITF allegations as inaccurate.

A spokesman told the Guardian in a previous response to the claims: “Our contracts are transparent and reflect important safety standards in the aviation industry, and local regulations, and are not dissimilar to other airlines or private-sector companies operating both in the Middle East and beyond.” BA sponsored Qatar’s entry into the Oneworld airline alliance, and they also have a cargo partnership. Qatar has indicated it would seek to extend ties following the investment, which could include codeshares on flights via the Gulf state – allowing the airlines to sell tickets on each other’s planes. Baker said: “IAG represents an excellent opportunity to further develop our westwards strategy.” Qatar Airways is prohibited from owning more than a minority stake in IAG under EU ownership rules and said it does not currently intend to increase its 9.99% shareholding. IAG was formed by the merger of BA and Iberia in 2011 and has since acquired the Spanish low-cost carrier Vueling. It is pursuing the acquisition of Irish carrier Aer Lingus , whose shareholders include Abu Dhabi-based airline Etihad.

What the Qataris own in Britain • HSBC Tower, the bank’s global headquarters in Canary Wharf • The Shard on the south bank of the Thames (95%) • Harrods, bought in 2010 for a reported £1.5bn • The Olympic Village in east London • Numbers 1-3 Cornwall Terrace, Regent’s Park – this week denied planning permission to be turned into a £200m single home • A 50% stake in the Shell Centre on London’s South Bank • Half of One Hyde Park, the world’s most expensive apartment block • The former US embassy building in Grosvenor Square • The site of Chelsea Barracks in west London, being turned into a luxury housing estate • 20% slice of Camden market • Stakes in Barclays, Sainsbury’s, the London Stock Exchange and Heathrow • And coming soon: Canary Wharf, after the controlling group capitulated and recommended a £2.6bn bid to shareholders Julia Kollewe Short-haul passengers could be charged extra to receive meal in move to help BA compete with budget rivals Published: 16 May 2016 Passengers to enjoy streaming service aboard planes from next year as airline hails decision

 to wait for more advanced inflight web technology Published: 6 May 2016 Willie Walsh, chief executive of British Airways’ owner, says ministers should not be bound to third runway proposal Published: 5 May 2016 Superbrands 2016 list shows ‘heritage’ companies such as Heinz, Jaguar and M&S have regained popularity Published: 21 Feb 2016 British Airways and Iberia merger completed; plan to add more airlines to group | CAPA - Centre for Aviation British Airways and Iberia merger completed; plan to add more airlines to group CAPA > Aviation Analysis > British Airways and Iberia merger completed; plan to add more airlines to group 26-Jan-2011 Tweet © CAPA The multi-billion-euro merger between British Airways and Iberia was completed on 24-Jan-2011 upon the listing of the shares in the International Airlines Group ( IAG ).

The merger creates Europe ’s third largest airline after Lufthansa and the world’s sixth largest carrier after Delta Air Lines , Lufthansa, United Continental , Air France-KLM and AMR. Now that this merger milestone, which has been a two-and-a-half years in the market, has been reached, IAG plans to continue targeting acquisition to expand the scope of the carrier. IAG CEO Willie Walsh commented: “Our goal is for more airlines – but, importantly, the right airlines – to join the group. Today is the first step towards creating a multinational multi-brand airline group.” He added: “IAG has a great future ahead of it. The first two airlines in the group, British Airways and Iberia, will retain their strong brands and have complementary networks that operate from two of the biggest hubs in Europe. The merger will lead to annual synergies of EUR400 million from year five and benefit IAG shareholders and British Airways’ and Iberia’s customers and staff.

British Airways and Iberia are the first two airlines in IAG but they won’t be the last.” IAG and Iberia Chairman Antonio Vázquez similarly noted: “Today a major new player in international aviation has been born and British Airways and Iberia have achieved their ambition of playing a full role in industry consolidation . Together, Iberia and British Airways fly to over 200 destinations on more than 400 aircraft. They have joint revenues of more than EUR14 billion and last year carried 55 million passengers. ” International Airlines Group: key information Source: Centre for Asia Pacific Aviation and airline reports British Airways and Iberia to form 'multinational, multi-brand' group The merger, which has coincided with the global economic downturn and the rise of LCCs in Europe, is part of efforts by the two carriers to increase their dominance, with the carrier seeing its future as a “multinational, multibrands airline group”. The carrier’s intention to be involved in further acquisition activity is part of the reasons the holding company’s name is deliberately vague.

Last year, Mr Walsh in Sep-2010 stated the carrier had drawn up a shortlist of 12 international carriers identified as attractive investment or acquisition targets (down from a list of 40), adding that Asia, Latin America and Europe offer the clearest opportunities. At this time, Mr Walsh commented: "With Iberia, we have had a number of meetings where we have looked at airlines around the world and identified those that would be attractive to us in joining IAG. We are creating IAG in a way to ensure that it is scaleable and attractive to other airlines that might want to join us. This is just to give us a focus. We have not had any discussions with any airlines. There is nothing going on at the moment, we would not pursue all 12.” He subsequently noted that the revelation provoked huge interest from industry leaders, stating: “I’ve had an incredible number of telephone calls from airline CEO’s asking if they are on the list.

The pace of consolidation is going to accelerate." In Europe, British Airways stated it was keen to bid on bmi should Lufthansa choose to sell the carrier, which is the second-largest holder of London Heathrow slots, while another Lufthansa unit, JetBlue Airways , is also an attractive candidate. Finnair , TAP Portugal , SAS , Air Berlin , Kingfisher Airlines and easyJet have also been speculated as being on the list. The carrier, however has abandoned merger talks with Qantas Airways with Qantas CEO Alan Joyce reaffirming the group has no plans to pursue a tie-up with BA. Meanwhile, Gulf Air CEO, Samer Majali, denied reports that the carrier is one of the 12 airlines being approached by British Airways for a possible merger, stating: "Gulf Air have not been approached regarding this initiative”. He however stated that it is “something the company would consider positively at the appropriate time". Gulf Air is looking to join an alliance that would give it access to an enlarged global network.

Separately, Aer Lingus Group CEO, Christoph Mueller, has also sated it would step-up alliance talks with British Airways, with Aer Lingus also holding talks with Star Alliance and SkyTeam Alliance carriers to decide which alliance to join in 2011. The carrier has also reportedly held informal talks with a number of competitors to purchase the Irish Government’s 25% stake in the airline with the carrier also noted as a potential acquisition candidates for AIG. British Airways has also been noted as a potential interested party for the acquisition of a minority stake in LOT Polish Airlines in 2011. IAG expects to be at fore as worldwide consolidation takes hold In the creation of IAG, British Airways and Iberia plan to be at the forefront of global aviation consolidation activity, which is expected to increase due to rising oil prices according to Mr Walsh. “2011 will be a year of significant consolidation. It may accelerate a little as a result of the current high oil prices. 2010 was a busy year for mergers but 2011 will be busier. Our industry needs to consolidate. It is part of the solution to its structural financial problems, although it is not the only answer,” he said.

Similarly, IATA has noted the need for consolidation and the same commercial freedoms for aviation as other industries, stating: “If airlines get the opportunity to merge across borders, evidence from other industries suggests they almost certainly will. With the merger and acquisition ( M&A ) deals worldwide estimated in the trillions of dollars, it seems most companies see something of value in the model.” IATA continued: “Airlines have never returned the cost of capital. Many cite consolidation as part of the solution. But this has never been viable internationally in a hyper-fragmented market governed by antiquated regulations. A global industry needs global rules.” In his Vision 2050 speech, IATA Director General and CEO Giovanni Bisignani commented that aviation will eventually “be a consolidated industry of a dozen global brands supported by regional and niche players”. He separately noted that “consolidation is beginning to re-shape the industry”. He continued: “Look at all that has happened in the last couple of years.

Air France and KLM; Lufthansa with Swiss , bmi, Austrian and Brussels Airlines ; Continental and United; Northwest and Delta ; Air India and Indian Airlines ; TAM and LAN ; Japan Airlines with Japan Air System; Cathay Pacific with Dragonair; and Iberia and British Airways. Some consolidations have been more successful than others. Usually there is a direct relation between success and the freedom that the airlines have to make significant changes. But the message is clear. Airlines are eager for change. And at some point, consolidation and relaxed ownership rules must give way to a normal industry. That industry will have the commercial freedoms to take advantage of the global village that it made possible.” IATA ‘ Consolidation case studies’ Source: IATA Similarly, US Airways CEO Doug Parker has noted that “consolidation is good for this industry” adding: “It’s something that needs to happen, will happen, and will result in a much stronger industry.” Mr Parker added that a fragmented industry means higher costs, making profits hard to come by and putting jobs at risk. Meanwhile, Air Seychelles CEO David Savy noted that “the lines are being drawn”.

“There will be some mega-carriers in Europe such as British Airways-Iberia, Air France-KLM, and Lufthansa. Partnerships will be formed in the Gulf and Asia will follow. The United States is already in this process. Other carriers will disappear or become smaller niche players,” he said. “Consolidation helps drive unit costs down and gives the customer a more seamless product and experience. If it pleases the end user, then it will work. So far consolidation has been airline to airline but one could envisage other related businesses, such as airports, joining the foray.” Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets. Why International Consolidated Airlines Group Stock Has Fallen 8% in 2014 -- The Motley Fool Why International Consolidated Airlines Group Stock Has Fallen 8% in 2014 The owner of British Airways and Iberia has given shareholders a rough ride.

Alexander MacLennan ( TulipSpeculator1 ) Sep 16, 2014 at 1:53PM While U.S.-based airlines American Airlines Group , Delta Air Lines , and United Continental Holdings have taken off this year, International Consolidated Airlines Group ( NASDAQOTH:ICAGY ) ( LSE:IAG ) has led its shareholders into a turbulent year. So what's behind this airline's drop of 8% so far in 2014? Source: British Airways A multinational airline Few ordinary flyers would recognize the name International Consolidated Airlines Group, but this company is the combination of two major flag-carrying airlines. In 2011, ICAG was formed by combining British Airways with Iberia, the flag-carrying airline of Spain. However, the two airlines remain separate in their names and their approaches toward branding. Normally, countries are protective of their national carriers, but competitive pressures have pushed for consolidation in the European airline industry.

Air France-KLM ( NASDAQOTH:AFRAF ) was formed from a 2004 merger of the French and Dutch flag carriers and Deutsche Lufthansa ( NASDAQOTH:DLAKY ) controls Switzerland's flag carrier, Swiss International Air Lines. The multinational structure means International Consolidated Airlines Group is exposed primarily to the airline industries of Britain and Spain alongside the European economy. Troubles in Europe The past few years have been tough for European airlines for two main reasons: competition and economic conditions. Flag-carrying airlines like British Airways and Iberia have large market positions that stem from their long histories and former government-affiliated status. But with the deregulation of the airline industry, low-cost competitors have been expanding and taking customers from large flag carriers. Irish carrier Ryanair has been one of the most powerful low-cost competitors and is now posing a threat on many routes currently operated by Europe's flag carriers. Source: Wikimedia Commons As Ryanair turns up the competition in Europe, the transatlantic market is raising concerns. In July, Air France-KLM issued a profit warning citing overcapacity in this market as a top reason.

Competition from discount and Middle Eastern carriers also resulted in Deutsche Lufthansa issuing a profit warning in June that sent its shares and those of other European airlines lower. The European economy has also been slow, hurting air travel demand. While Air France-KLM and Deutsche Lufthansa mentioned overcapacity as their top reason for the profit warnings, it's clear that economic conditions in Europe are far from ideal and that recovery here could be a major positive for airline bottom lines. Outlook European airlines should expect to see continuing competition as Ryanair and other discount competitors expand. However, this effect could be balanced out if the European economy can return to growth and boost air travel demand. International Consolidated Airlines Group is also making efforts to cut costs and manage capacity, primarily through Iberia. ICAG now expects that Iberia will post higher earnings despite having flat sales numbers as the airline reduces capacity across the board. If managed correctly, the current configuration of the transatlantic market could actually carry some upside in the near future. Over the past few years, former major competitors have since formed alliances, allowing greater pricing power.

US Airways will now actually be part of American Airlines Group and its alliance with British Airways, while Delta Air Lines has formed a joint venture with Virgin Atlantic. These alliances allow carriers to set prices and fill each other's planes, so taking full advantage of these alliances should be top priority for major European carriers. Stock slide Looking at the European airline industry in 2014, it's easy to see that International Consolidated Airlines Group is operating under less than optimal conditions. Profit warnings from Deutsche Lufthansa and Air France-KLM over economic conditions and overcapacity have made European carriers less attractive for investors. Going forward, International Consolidated Airlines Group is a bet on two main factors: the ability of flag carriers to respond to competition and manage capacity accordingly, and the European economic and air-travel demand pictures.

Alexander MacLennan owns shares of AMERICAN AIRLINES GROUP INC and Delta Air Lines, and has the following options: long January 2015 $22 calls on Delta Air Lines, long January 2015 $25 calls on Delta Air Lines, long January 2015 $30 calls on Delta Air Lines, long January 2015 $17 calls on AMERICAN AIRLINES GROUP INC, long January 2015 $32 calls on AMERICAN AIRLINES GROUP INC, and long January 2015 $40 calls on AMERICAN AIRLINES GROUP INC. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy . Author Alexander MacLennan is a Fool contributor covering Industrials, Airlines, and Financial companies. He is always ready for a good growth or turnaround story and tries to find them before the market does.

Article Info Sep 16, 2014 at 1:53PM Industrials British Airways: Book British Airways Tickets & Reservations British Airways Reservations & Tickets British Airways Reservations & Tickets There is a lot a flyer would expect from an airline the magnitude of British Airways. Depictive of its role as flag carrier, it is the largest airline in the United Kingdom by fleet size and only second to easy jet in terms of number of passengers flown. Currently, British Airways is owned by the International Airline Group alongside Iberia Airways. British Airways Flights History British Airways was the result of a merger by British Overseas Airways Corporation and British European Airways in 1974. The two had been operating independently until 1972 when the UK government passed an act which relegated management of both companies to the British Airways Group. Following the formation of the new company, BOAC and BEA were dissolved. In 1987, British Airways was privatized and continued expanding by acquiring smaller airlines and creating subsidiaries to enable the diversification of its services. It recently merged with Iberia to form the International Airlines Group although both brands will live on.

British Airways Flights (Fleet Info) For a long period of time, British Airways had been a big customer of Flights aircraft although it later introduced planes from Airbus. Currently, its fleet has a total of 293 airplanes. Of these, 140 are from Airbus while 153 are Flight. There are specific variants like the Airbus A320 which work short-haul itineraries while others are designated for long-haul routes; examples of variants which work long-haul routes are Airbus A380 and Flight747-400s. British Airways Flights Destinations British Airways flies to 183 destinations in six continents. It is one among the few airlines which boast of offering services across six continents alongside other big players like United Airlines , Emirates and Qantas. It has code share agreements with several airlines and especially members of One world. Reservations British Airways ticket, british airways check in, british airways flight status, today at faremachine.com and discover the world in European-inspired comfort. British Airways Flights Class Products Being a domestic and international flight operator, British Airways has offerings for its short-haul and long haul routes.

For short-haul routes, the airline has UK Domestic, Euro Traveller and Club Europe (Business Class). Offering for long-haul routes include first class, Business class (Club World) Premium Economy (World Traveller Plus) and Economy (World Traveller). British Airways Flights Entertainment British Airways has personal entertainment across all class products in its long-haul fleet. It is powered by the Audio, Video on Demand (AVOD) system. In addition, First Class and business class flyers get complimentary in flight magazines. British Airways Flights Baggage Allowance The baggage allowance offered by British Airways depends on your class ticket. Generally, you will be allowed to carry 23 kgs of checked baggage. Interesting too is that British Airways has special fares for passengers who intend to travel light and are only carrying a personal bag or backpack. British Airways Flights Amenities In flight magazines and personal entertainment across all class products British Airways Flights Awards and Recognition British Airways has received many accolades in its lifetime.

Notable ones are:- Best Airline Worldwide and Best short-haul carrier at the 2012 Business Traveller awards Top position for UK’s consumer Superbrand of the year in 2014 Top Popular Airlines Worldwide British Airways Parent Warns of Brexit-Related Profit Decline – Skift British Airways Parent Warns of Brexit-Related Profit Decline Benjamin Katz, Bloomberg - Jul 29, 2016 11:15 am International Airlines Group, which owns British Airways, warned Friday that investors should expect lower profits. Mark Lennihan / Associated Press Photo: Mark Lennihan / Associated Press Share Tweet Post Send Skift Take It’s a tough market for European airlines, who must deal with concerns about terrorism, as well as economic uncertainty. Things could get worse before they improve. — Brian Sumers British Airways parent IAG SA will cut capacity and put spending under review in the wake of the U.K.’s decision last month to quit the European Union, with the uncertainty depressing profit growth this year. Operating profit excluding one-time items is now expected to grow by a low double-digit percentage, the London-based IAG said Friday.

Prior to the June 23 Brexit vote, the company had forecast an earnings increase in line with the 950 million-euro ($1.05 billion) gain in 2015, or roughly 40 percent. The new guidance reflects a downward revision of about 600 million euros, based on an assumption of a 15 percent increase, according to Bloomberg calculations. Chief Executive Officer Willie Walsh warned a day after the poll that IAG wouldn’t meet the earlier target as economic uncertainty after the “Leave” victory puts people off travel. The weaker pound also means U.K. receipts will be worth less when translated into euros. “In the lead up to the vote, we witnessed softer than expected trading, principally with U.K. corporates,” Walsh said on a conference call. “Had the vote gone the other way we would have expected that to bounce back. Clearly that didn’t happen and that trend has continued.” Capacity Curb IAG’s cutback comes amid similar steps by the likes of Deutsche Lufthansa AG and Air France-KLM Group, which are reducing seats on routes to meet a slowdown in demand.

The German carrier warned it expects a decline in 2016 operating profit instead of a gain , while its French counterpart warned its markets are deteriorating as fares fall and France’s standing as a tourist hotspot is undermined by a succession of terrorist attacks that have spanned Paris to the Riviera. IAG’s Walsh predicted a recovery “at some point,” while suggesting it’s too early to say whether that will come later this year or early in 2017. Capacity gains for 2016 will now be reduced to 4.5 percent, down one percentage point, with all of IAG’s constituent airlines likely to be affected, he said. IAG shares, which have lost about one-quarter of their value since the Brexit referendum, traded up 1.6 percent at 415.9 pence as of 9:56 a.m. in London. Operating profit in the second quarter, which ended a week after the EU poll, increased to 555 million euros ($615 million) from 530 million euros a year earlier, boosted by lower fuel costs and the purchase of Ireland’s Aer Lingus. U.K.

Tourism Currency fluctuations wiped 148 million euros from earnings after the pound fell in the run up to the vote. Walsh said Sterling’s weakness is likely to continue impacting results into next year. At the same time, the pound could have some positive effects by helping to encourage tourist visits to the U.K. Earnings in the second half may also be crimped by the impact of a spree of terrorist attacks in mainland Europe, while air traffic control strikes — disrupting the Vueling unit in particular — will have an 80 million-euro impact. IAG, as International Consolidated Airlines Group SA is known, was formed from a merger of BA and Spain’s Iberia before purchasing British Midland, Barcelona-based Vueling and Aer Lingus. With the group registered in Spain, an EU rule limiting outside ownership of the bloc’s carriers to 49 percent could compromise that structure once the Brexit is implemented. To contact the reporter on this story: Benjamin Katz in London at [email protected] To contact the editors responsible for this story: Chris Reiter at [email protected] , Christopher Jasper ©2016 Bloomberg L.P. This article was written by Benjamin Katz from Bloomberg and was legally licensed through the NewsCred publisher network.

British Airways owner IAG's profits soar to £850m | Business | The Guardian British Airways owner IAG's profits soar to £850m Company formed by BA-Iberia merger raises annual profit forecast and will pay out dividend for first time IAG’s CEO Willie Walsh said the group’s operating profit for the year could now reach £1.65m Photograph: Justin Tallis/AFP/Getty Images Friday 30 October 2015 09.49 EDT Last modified on Friday 30 October 2015 10.32 EDT Close This article is 1 year old British Airways’ parent company, International Airlines Group (IAG), has raised its profit forecast after a bumper summer, buoyed by what it described as rapid improvement in key European economies. The group made €1.2bn (£850m) after tax in the last quarter – the most lucrative for airlines. That was 70% more than in the same period a year ago, nudged up by the acquisition of Aer Lingus in mid-August.

IAG announced on Thursday it would pay a dividend to shareholders for the first time since it the company was created by the 2011 merger of BA and the Spanish airline Iberia. The payout will be 10¢ per share, and the company confirmed it would propose a full-year dividend for 2015 that would be a quarter of the underlying profit after tax. Willie Walsh attacks David Cameron for having no aviation policy for Britain Read more Willie Walsh, IAG’s chief executive, said he expected that to be around €400m. Walsh said the group’s operating profit for the year could now reach €2.3bn. He said the outlook was good for IAG in its base markets, with London remaining strong and better prospects in Ireland and Spain, home to Vueling as well as Iberia. “The Spanish economy is improving significantly and there is rapid recovery in Ireland,” Walsh said. Aer Lingus had benefited particularly from the strength of the transatlantic route, he added; Dublin acts as a hub for European-US traffic, with the airline launching three additional direct US destinations.

Walsh ruled out any imminent acquisitions for the group, despite rumours it has been considering a bid for Finnair as part of its strategy of consolidation. He said the Finnish state-owned airline had “challenges”, adding: “We are not active on any front, we know Finnair very well as part of our transatlantic joint business … We’re not in any discussions.” Walsh reiterated his warnings over Heathrow, whose third runway may be approved in principle later this year by the government as it responds to the Airports Commission’s recommendation. “I’m not objecting to it being expanded – if the airport wants to build it, I would look to it to fund it. We don’t go to the customers that we fly with and say we want to buy stuff next year and therefore we’re going to ask you to pay for it, even though you’re not going to use it. “[Heathrow] should not look to airlines to pay for something that they won’t be using and won’t be there for 10 years or so.” Meanwhile, Walsh said the prospect of Ryanair acting as a short-haul feeder into the IAG airline network was growing nearer, after a series of “fine” discussions with the controversial Irish no-frills carrier.

“We’ve no principled objection to the feeder model. The critical issue is having commercial terms that are acceptable to all parties … We see no reason to object to people flying with Ryanair to connect to Aer Lingus.” He said there were several markets that Ryanair served, particularly Poland, that could be opened up by such an agreement. “If we can work in a collaborative commercial fashion in the interests of consumers we should. But we’ve not agreed anything at this stage.” He said there was no likelihood of a similar arrangement between BA and Ryanair as the Irish carrier does not operate out of Heathrow. Walsh said that trading would be weakest in the coming quarter, but dismissed talk of revenues being impacted by a “fare war” promised by Ryanair boss Michael O’Leary. “Michael says that every winter,” he said.

Question: The International Airlines Group was formed from a merger of British Airways and which other airline?
Answer: IBERIA